Carnegie Institution of Washington Year Book No. 27, July 1, 1927, to June 30, 1928

Carnegie Institution of Washington Year Book No. 27, July 1, 1927, to June 30, 1928 : With Administrative Reports Through December 14, 1928 (Classic Reprint)

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Excerpt from Carnegie Institution of Washington Year Book No. 27, July 1, 1927, to June 30, 1928: With Administrative Reports Through December 14, 1928
Wright, who Shall constitute the first board of trustees. The board of trus tees shall have power from time to time to increase its membership to not more than twenty-seven members. Vacancies occasioned by death, resigna tion, or otherwise shall be filled by the remaining trustees in such manner as the by-laws shall prescribe; and the persons so elected shall thereupon become trustees and also members of the said corporation. The principal place of business of the said corporation Shall be the city of Washington, in the District of Columbia.
Sec. 4. That such board of trustees shall be entitled to take, hold, and administer the securities, funds, and property so transferred by said Andrew Carnegie to the trustees of the Carnegie Institution and such other funds or property as may at any time be given, devised, or bequeathed to them, or to such corporation, for the purposes of the trust; and with full power from time to time to adopt a common seal, to appoint such officers, members of the board of trustees or otherwise, and such employees as may be deemed necessary in carrying on the business of the corporation, at such salaries or with such remuneration as they may deem proper; and with full power to adopt by-laws from time to time and such rules or regulations as may be necessary to secure the safe and convenient transaction of the business of the corporation; and with full power and discretion to deal with'and expend the income of the corporation in such manner as in their judgment will best promote the objects herein set forth and in general to have and use all powers and authority necessary to promote such objects and carry out the purposes of the donor. The said trustees Shall have further power from time to time to hold as investments the securities hereinabove referred to so transferred by Andrew Carnegie, and any property which has been or may be transferred to them or such corporation by Andrew Carnegie or by any other person, persons, or corporation, and to invest any sums or amounts from time to time in such securities and in such form and manner as are permitted to trustees or to charitable or literary corporations for investment, according to the laws of the States of New York, Pennsylvania, or Massachusetts, or in such securities as are authorized for investment by the said deed of trust so executed by Andrew Carnegie, or by any deed of gift or last will and testa ment to be hereafter made or executed.
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Product details

  • Paperback | 518 pages
  • 152 x 229 x 26mm | 685g
  • Forgotten Books
  • English
  • 101 Illustrations; Illustrations, black and white
  • 0243079656
  • 9780243079650